Business & Money | Monday 28 December, 2015 4:40 am

HRDF ramps up Saudi hiring

The Human Resources Development Fund (HRDF) recruited 251,000 Saudis to work in the private sector this year, up 25 percent compared to 2014. “The number brings to 772,283 Saudis recruited by the HRDF. Of the total number, males accounted for 64 percent,” said Ibrahim Al-Miqil, HRDF...

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Business & Money | Monday 28 December, 2015 12:40 am

Qatar Rail signs contract with Qatar Cool

Qatar Railways Company, the company overseeing the construction of Qatar’s integrated railway network, has signed a contract with Qatar Cool, the leading provider of reliable, efficient and environmentally friendly district cooling services, to provide district cooling services at seven of...

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Business & Money | Sunday 27 December, 2015 3:39 pm

4th GCC Inmates Week Activities Conclude

The fourth GCC Inmates Week concluded its activities. Held under the patronage of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the week’s activities program was officially inaugurated by Sheikh Abdul Aziz Bin Humaid Al Nuaimi, Chairman of...

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Business & Money | Sunday 27 December, 2015 3:33 pm

Deloitte’s CFO Insights: Are CFO’s communicating financial data effectively?

While many finance chiefs recognize the importance of communications, few  are effective in communicating with numerous stakeholders inside or outside their company such as  investors, bankers, customers, and employ. According to Deloitte’s latest report “CFO Insights -...

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Business & Money | Sunday 27 December, 2015 11:56 am

620 productive families take part in local products expo

As many as 620 Saudi productive families displayed their homemade products at a week-long local products exhibition that kicked off here on Thursday. The event, Saudi Producers 3, at the Riyadh International Convention Center and Exhibition was organized by the Saudi Al-Hadbah Company under the...

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Business & Money | Sunday 27 December, 2015 11:54 am

Shoura seeks citizens’ views

The Shoura Council has sought suggestions from citizens ahead of its upcoming session.  Citizens can send their queries or proposals to Social Affairs Minister Majed Al-Qassabi via e-mail:webmaster@shura.gov.sa, or fax (0114413537) until Monday, the Shoura Council said. “The minister,...

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Business & Money | Sunday 27 December, 2015 11:45 am

Tough 2015 for cross-border IPOs but domestic issuances rise in EMEA

After significantly outperforming domestic initial public offerings in both value and volume growth terms the past two years, cross-border deals slid back to just below 2013 levels in 2015, according to a Cross-Border IPO Index* by global law firm Baker & McKenzie. Only the Europe, Middle East...

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Business & Money | Sunday 27 December, 2015 11:37 am

Saudi Arabia’s Thriving Internet Economy Makes BCG’s 2015 e-Intensity Index

Country-specific socio-economic conditions play a catalytic role in spurring a sustainable and robust local Internet economy. Similarly, the Internet serves as a powerful instrument and vehicle for national economic growth and development. An undeniable reciprocal relationship therefore exists...

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Business & Money | Sunday 27 December, 2015 4:01 am

NWC to reroute pipe intersecting with Riyadh Metro project, promises minimal impact

National Water Company is coordinating with local authorities to reroute the CF2 water pipeline in Riyadh as it intersects with ongoing construction work on the Riyadh Metro. The project, which will start on January 5, 2016, is expected to take 10 working days.   NWC said it has studied...

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Business & Money | Saturday 26 December, 2015 3:17 pm

SAMA licenses SR900m home finance company

Saudi Arabian Monetary Agency (SAMA) has granted a license to its national home finance company, Bidaya and it will launch with SR900 million ($239.94 million) in capital, the firm announced. SAMA’s decision joins efforts to boost home ownership in the Kingdom, where a shortage of affordable ...

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